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Nov 27, 2012
11/12
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he says there's only two options here, take the economy off the fiscal cliff or do it my way. that doesn't sound like something he's willing to negotiate in good faith. so, listen, republicans want to restore confidence and certainty to this economy. i don't think want to play brinkmanship, the way to do this is through pro-growth tax reform. i'll quote the numbers again. you'll get ten times the amount of revenue by growing the economy, $750 billion versus the measly $68 billion that the president's proposing by punishing success. i think that would work far better. >> and you're saying revenue because by taxing the wealthiest americans, it cuts off what has been referred to as job creators from actually getting americans to work so we have more americans working that are then paying into the tax system. >> thomas, i'm one of those job creators, those small business people. i could have explained to him what's on the minds of job creators, the people that make those investment decisions and capital equipment, make the hiring decisions. he doesn't understand that because he's
he says there's only two options here, take the economy off the fiscal cliff or do it my way. that doesn't sound like something he's willing to negotiate in good faith. so, listen, republicans want to restore confidence and certainty to this economy. i don't think want to play brinkmanship, the way to do this is through pro-growth tax reform. i'll quote the numbers again. you'll get ten times the amount of revenue by growing the economy, $750 billion versus the measly $68 billion that the...
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Dec 28, 2012
12/12
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if we go over the fiscal cliff $700 billion of spending will be taken out of our economy. we have to change the scale of that fiscal cliff to a slight gradual bunny slope. so that our economy won't be zero next year. that is in a recession which will occur if we take $700 billion out of it because of the tax increases and spending cuts. about 100 to $200 billion is all that we can afford to take out of it. then our gross domestic product will still grow at about 2.5% to 3%. that's the first step. then speaker boehner and the president come together. they are within $500 billion of step two. $3 trillion debt reduction. all he is there to do is come back and -- $2.5 trillion -- >> next ten years. >> that's where we need them to generate the political will that's right for america's economy. >> i want to ask you about political will. we look at he is mums and it seems there is a lot of republicans that are weary of the -- agreeing to any deal because of a threat of a primary. a lot of the folks in the house chop from conservative districts. barack obama is a bad word. they do
if we go over the fiscal cliff $700 billion of spending will be taken out of our economy. we have to change the scale of that fiscal cliff to a slight gradual bunny slope. so that our economy won't be zero next year. that is in a recession which will occur if we take $700 billion out of it because of the tax increases and spending cuts. about 100 to $200 billion is all that we can afford to take out of it. then our gross domestic product will still grow at about 2.5% to 3%. that's the first...
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Dec 8, 2012
12/12
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CNNW
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can you fix the fiscal cliff and send the economy downward. >> the fiscal cliff, isn't it having real impact in the economy now? >> it's having real impact and name pact will growth longer we take to come to a deal, some deal, any deal. what everybody wants, individuals who are going to be paid in january, they don't know how much and businesses, so what's the deal? what are -- what do we have to plan on? >> the best down payment would be to continue tax rates at the middle class for the rates they are, the best down payment. that's the best easy first step and i hope congress will realize take a step and take it now and give the president something he can sign. >> that has to be the last word. thanks, guys. >>> from the downward slope of the cliff to the upward climb on jobs, a big surprise in the november jobs numbers. it's a step in the right direction, but ali velshi will join me with a look at why we need to do much more. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their cl
can you fix the fiscal cliff and send the economy downward. >> the fiscal cliff, isn't it having real impact in the economy now? >> it's having real impact and name pact will growth longer we take to come to a deal, some deal, any deal. what everybody wants, individuals who are going to be paid in january, they don't know how much and businesses, so what's the deal? what are -- what do we have to plan on? >> the best down payment would be to continue tax rates at the middle...
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Dec 9, 2012
12/12
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economy? >> the fiscal cliff. first of all i think there are issues that are beginning to improve and, you know, whether you look at the euro zone which is making progress, gradually, laboriously and certainly improving and with good numbers because if you look at thinge ia because if you look at thinge a greg gat euro zone debt, and you have political stability back now that the new team is in place so the volatility and the instability factors that are outside have reduced. the real threat that we have at the moment is really here with us and that can be addressed. >> but when you look at, i mean i understood that the european banks had sort of downsized or downgraded what they thought would be growth. you've got more than 11% unemployment in the euro zone, which is a good deal higher than here. >> yeah yeah. >> are those things threats to the u.s. economy or do you think the u.s. economy now is destabilizing or has the potential to destabilize the world economy? >> i think the u.s. economy, because it's a relat
economy? >> the fiscal cliff. first of all i think there are issues that are beginning to improve and, you know, whether you look at the euro zone which is making progress, gradually, laboriously and certainly improving and with good numbers because if you look at thinge ia because if you look at thinge a greg gat euro zone debt, and you have political stability back now that the new team is in place so the volatility and the instability factors that are outside have reduced. the real...
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Sep 29, 2012
09/12
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FBC
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lori: everyone is talking about this fiscal cliff that the economy is at risk for falling off. part of that includes the deep defense cuts. so concerned about these cuts, yet we are calling for additional regulatory costs. it is like again getting back to the priorities. these are troubling times. >> we have our priorities all wrong. the defense cuts are very bad policy. secretary of defense has said is the hall of the u.s. military and heard his readiness and ability to defend our nation. that's a terrible idea. we are now finding a more and more about the sequester. the law says that if you're going to cut the defense spending and lay off workers the contractors have to give those workers 60 days' notice. that would have come before the election. conveniently department of labor says you don't have to send out those notices. today we found that the administration said that those same contractors guy if you don't send out a notice and get sued we will pay all legal costs. now the taxpayer is going to be on the hook for the compensation and legal costs because everyone will see
lori: everyone is talking about this fiscal cliff that the economy is at risk for falling off. part of that includes the deep defense cuts. so concerned about these cuts, yet we are calling for additional regulatory costs. it is like again getting back to the priorities. these are troubling times. >> we have our priorities all wrong. the defense cuts are very bad policy. secretary of defense has said is the hall of the u.s. military and heard his readiness and ability to defend our...
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Dec 28, 2012
12/12
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FBC
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they avoid the fiscal cliff. we are talking about over $607 billion worth of money taken out of the economy next year. lou: i just want to put up the next cartoon that we have. it matters not which one you select. but this is one of my favorites. the debt commission saying it is very difficult. is very complicated and then cut spending. i don't think you could have cut better on to the essence of the issue. the absurdity creating obstacles to that relution in washington d.c. >> but the problem here is that frankly there is a fine and out of capital that can be used up their divided either in the private sector which creates businesses and jobs and federal revenue or given to the government which is just a bureaucracy ad creates nothing but burearatic management. if you look at the lt gop congress and the expenditures, about two and half trillion dollars and now the president's proposals are about 4 trillion in spending with deficits and increased. it is the economy. lou: it truly is. and i want to also if we may
they avoid the fiscal cliff. we are talking about over $607 billion worth of money taken out of the economy next year. lou: i just want to put up the next cartoon that we have. it matters not which one you select. but this is one of my favorites. the debt commission saying it is very difficult. is very complicated and then cut spending. i don't think you could have cut better on to the essence of the issue. the absurdity creating obstacles to that relution in washington d.c. >> but the...
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Nov 9, 2012
11/12
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CNBC
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fiscal cliff, raising taxes in a slow economy. all of it is coming home to roost. >> mike, we had the president come out saying that he will veto any legislation that allows the tax cuts to be extended for the highest earners. is that what poured water on the rally? >> it didn't hurt. obviously, there was no breakthrough. i think the one thing to take away from today's action was the fever kind of broke a little bit in terms of the market really being hyper actively responding to every little knnuance. i think the market would have liked to see a little more affirmative suggestions that were going to come closer together. i don't think it was something that alarmed everybody, considering the height of panic that built up over a couple days. >> all right, guys. thanks so much. appreciate that. it has been a week to forget for the bulls. tough week after the election. courtney reagan wraps up the big losers and mixes in a few silver linings on the upside. court, over to you. i don't hear her. okay. courtney reagan, obviously her mic
fiscal cliff, raising taxes in a slow economy. all of it is coming home to roost. >> mike, we had the president come out saying that he will veto any legislation that allows the tax cuts to be extended for the highest earners. is that what poured water on the rally? >> it didn't hurt. obviously, there was no breakthrough. i think the one thing to take away from today's action was the fever kind of broke a little bit in terms of the market really being hyper actively responding to...
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Dec 11, 2012
12/12
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CNBC
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could avoid going over the so-called fiscal cliff. strength in tech stocks helped the markets early on in the session and apple saw soiled gains on reports of record sales at fox con and gave those back and markets paeced mid-morning. the house speaker john boehner made those comments and took the steam out of markets and then just before 2:30, the dow, the nasdaq and s&p all started to slide after senator harry reid's comment that it would be extremely difficult to get fiscal cliff legislation through the senate before economist mass. the markets settled higher and all three averages moving above the 50-day averages for the first time. >> if he doesn't feel we'll get a deal before christmas, what about before the end of the year? did you month's smars doubled under the leadership of el men coleman. global economic unserbs and a $1 billion stock buyback. we'll tell you what you need to know. back in a moment. s the potential for making or losing money can pop up anytime. that's why she trades with the leader in mobile trading. so she'
could avoid going over the so-called fiscal cliff. strength in tech stocks helped the markets early on in the session and apple saw soiled gains on reports of record sales at fox con and gave those back and markets paeced mid-morning. the house speaker john boehner made those comments and took the steam out of markets and then just before 2:30, the dow, the nasdaq and s&p all started to slide after senator harry reid's comment that it would be extremely difficult to get fiscal cliff...
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Oct 27, 2012
10/12
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FBC
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>> number one data piss-off the fiscal cliff. so we don't have a severe recession but simplify the tax code. fire ben bernanke to get somebody who realizes to cheapen the dollar is not the way to wealth. >> he could force him out. >> harry truman showed you could fire the fed chairman. [laughter] as well as a general. [laughter] lou: none of that has the immediate effect of those who have suffered undr this administration. those who don't have a job and are underemployed givg up then we have a group of ceos speaking up for t multinationals we would like to go to the simpson thing. we want to raise taxes. reject it -- rejected by both republicans and democrats. we hear from business leaders they com up with this. >> how low do the fine balance? i will take that. remove the tax shelter and cut the top rate. >> rahm it -- romney is already proposing nonsense. >> we have a huge tax increase already slowing the economy down. to the clutter the tax code everyone can declare victory like 1986. we took the jump out and got the ratedown.
>> number one data piss-off the fiscal cliff. so we don't have a severe recession but simplify the tax code. fire ben bernanke to get somebody who realizes to cheapen the dollar is not the way to wealth. >> he could force him out. >> harry truman showed you could fire the fed chairman. [laughter] as well as a general. [laughter] lou: none of that has the immediate effect of those who have suffered undr this administration. those who don't have a job and are underemployed givg...
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Dec 26, 2012
12/12
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economy. >>> still ahead on "worldwide exchange," fiscal cliff fiasco. president obama cutting his trip to hawaii short to work a deal that could avoid the fiscal cliff in a few days. we'll break down what's at stake in "your money." >>> if you got fewer presents under the tree, you may be ready. spending numbers are coming in, and they're not pretty. >>> plus, new numbers for apple's ipad mini and more. that's coming up on "worldwide exchange." >>> good morning and welcome to a special edition of "worldwide exchange." i'm jackie deangelis along with seema mody. ross and kelly are off for boxing day. they'll be back tomorrow. >> that's right. >>> let's get a brief check on the markets this morning. energy and metals are trading at this hour on the nymex. you see crude oil up .6%. brent crude also up. and take a look t yellow metal, gold. down just fractionally. now u.s. futures will begin trading in about a half-hour. the cme globex has been closed for christmas and will reopen at 6:00 a.m. eastern time. that also goes for treasuries and the foreign exch
economy. >>> still ahead on "worldwide exchange," fiscal cliff fiasco. president obama cutting his trip to hawaii short to work a deal that could avoid the fiscal cliff in a few days. we'll break down what's at stake in "your money." >>> if you got fewer presents under the tree, you may be ready. spending numbers are coming in, and they're not pretty. >>> plus, new numbers for apple's ipad mini and more. that's coming up on "worldwide...
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Nov 26, 2012
11/12
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and the gridlock in congress over the fiscal cliff. >> they're going to be pulling back a little because they don't know what to expect for 2013, and they want to remain cautious as we move forward into the next year. >> that was kristen dahlgren reporting. speaking of, congress returns from the holiday this week, still facing that so-called fiscal cliff. if a deal can't be reached by january 1st, americans would face half a trillion dollars more in taxes next year, coupled with $100 billion in cuts to domestic and defense spending. now, since the reagan era, most republicans have pledged not to raise taxes. as mike viqueira reports, there are signs of flexibility on both sides of the aisle. >> reporter: it's a pledge almost all republicans have signed. to oppose tax increases of any kind. that once solid wall was showing crass. >> the pledge you signed 20 years ago, 18 years ago is for that congress. the world has changed, and the economic situation is different. >> reporter: but republicans insist in return for defying party doctrine, democrats must agree that changes in social securit
and the gridlock in congress over the fiscal cliff. >> they're going to be pulling back a little because they don't know what to expect for 2013, and they want to remain cautious as we move forward into the next year. >> that was kristen dahlgren reporting. speaking of, congress returns from the holiday this week, still facing that so-called fiscal cliff. if a deal can't be reached by january 1st, americans would face half a trillion dollars more in taxes next year, coupled with...
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Dec 7, 2012
12/12
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romney lost. >> i guess it's time i explain, the good people, the upcoming fiscal cliff. >> the economy is the car and rich sman a driver. don't give the driver many. they will drive you over a cliff. just common sense. >> eric: not exactly. the only way to save the republic is for us to let the president go off the fiscal cliff. taxes will go up. but mandatory spending cuts get enacted. that seems to be the only way dems will cut a dime. let's save the place for the kids. do you agree? >> greg: i do. >> bob: i think you're crazy. >> greg: funny that bob and i agree but for different reasons. fiscal cliff is a horrible med fore. i means the high grade leftism. what you get are massive cuts in defense. and higher taxes. that means the government expands without improving the one thing that works. so you are feeding obese fat man called the government who still isn't doing any good. what they are doing is blackmailing us. president obama is blackmailing saying if you don't do this, if you don't raise taxes on 2%, this is what will happen. >> eric: can i take issue with that? what if we do
romney lost. >> i guess it's time i explain, the good people, the upcoming fiscal cliff. >> the economy is the car and rich sman a driver. don't give the driver many. they will drive you over a cliff. just common sense. >> eric: not exactly. the only way to save the republic is for us to let the president go off the fiscal cliff. taxes will go up. but mandatory spending cuts get enacted. that seems to be the only way dems will cut a dime. let's save the place for the kids. do...
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Dec 22, 2012
12/12
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CNBC
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suppose the fiscal cliff gets resolved quickly without wrecking the economy. i think washington is the only thing standing in the way of a worldwide surge in growth and profits. not just in stocks but also in real estate. if you take washington out of the equation -- my job would be so much fun. blackstone should zoom higher. first off, if the fiscal cliff does get resolved people will pull money out of bonds. they should pull them out of bonds any way because deal if small will be inflationary. they're more likely to invest in aggressive alternatives with higher assets under management. for those of that you don't know, the private equity where you buy companies using borrowed money and you fix them up and flip them a few years later by taking them public. over the past two years, blackstone brought eight private companies in its portfolio public and in the next 12 months, they plan on doing another eight. it goes without saying that if we're in a bull market next year, blackstone will be able to realize much higher price which is it brings companies that it
suppose the fiscal cliff gets resolved quickly without wrecking the economy. i think washington is the only thing standing in the way of a worldwide surge in growth and profits. not just in stocks but also in real estate. if you take washington out of the equation -- my job would be so much fun. blackstone should zoom higher. first off, if the fiscal cliff does get resolved people will pull money out of bonds. they should pull them out of bonds any way because deal if small will be...
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Nov 16, 2012
11/12
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what the fiscal cliff is is really a closing of the deficit and a lessening of the debt. what's the problem? >> the problem is, you know, what we want to do is balance our budget but keep our economy afloat all at the same time. sthaets really the issue. europe is focused single-handedly. there's little they're doing to stimulate the economy. it's not a surprise that the entire euro zone now just slipped into recession, and there's no light at the end of the tunnel here. what we're trying to do is here a combination. we want to try to stimulate with monetary policy, with easy money from the fed while trying to balance our budget and try to keep things under control on the fiscal side. so i think the ideal scenario for the stock market would be something that could give us an indication that the budget will be balanced several years out, and that both sides agree we're going to trim entitledmements a raise revenues to a point to balance things but near-term provide a fair amount of stimulus to keep this insip yus recovery moving forward. >> jack, tell me me why wall street
what the fiscal cliff is is really a closing of the deficit and a lessening of the debt. what's the problem? >> the problem is, you know, what we want to do is balance our budget but keep our economy afloat all at the same time. sthaets really the issue. europe is focused single-handedly. there's little they're doing to stimulate the economy. it's not a surprise that the entire euro zone now just slipped into recession, and there's no light at the end of the tunnel here. what we're trying...
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Dec 27, 2012
12/12
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CNNW
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that's also being dragged down about the fiscal cliff. you're seeing consumers pull back on spending and pulling back on how they feel about the economy. they are worried about whether there are going to be r more jobs in the new year. >> they are saying 9.1% unemployment is in the forecast by the end of next year if we don't reach a deal. alison kosik in new york, thank you as always. when you have diabetes... your doctor will say get smart about your weight. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. and they have six grams of sugars. with fifteen grams of protein to help manage hunger... look who's getting smart about her weight. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. >>> welcome back. teachers in utah are going to class today. starting at noon today, 200 teachers will be at a conference near salt lake
that's also being dragged down about the fiscal cliff. you're seeing consumers pull back on spending and pulling back on how they feel about the economy. they are worried about whether there are going to be r more jobs in the new year. >> they are saying 9.1% unemployment is in the forecast by the end of next year if we don't reach a deal. alison kosik in new york, thank you as always. when you have diabetes... your doctor will say get smart about your weight. i tried weight loss plans......
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Dec 6, 2012
12/12
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KRCB
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whole forecast is depending on an agreement on fiscal cliff. if we go over the cliff, what happens to your forecast. what will you be saying at the start of the year about the outlook for the economy and jobs. >> a lot of people are focused on the january 1st deadline. we don't think if we don't have an agreement by january 1st that everything falls apart. what we're watching very closely is if there is still negotiating taking place. if we still see both sides talk, i don't think the january 1st deadline is going to mean that much. we would only worry about the worst-case scenario with the economy contracting if there is a real stalemate and both parties walk away from the talks. we don't expect that. we're beginning to see some signs there is some willingness to compromise on both parties. >> susie: as we said from the start, you're pretty positive on the outlook. gary thayer of wells fargo advisor. >> susie: los angeles and long beach port workers were back at work today, ending a costly eight-day strike. the ports were crippled after cleric
whole forecast is depending on an agreement on fiscal cliff. if we go over the cliff, what happens to your forecast. what will you be saying at the start of the year about the outlook for the economy and jobs. >> a lot of people are focused on the january 1st deadline. we don't think if we don't have an agreement by january 1st that everything falls apart. what we're watching very closely is if there is still negotiating taking place. if we still see both sides talk, i don't think the...
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Dec 9, 2012
12/12
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CNNW
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goes over the fiscal cliff? >> markets i think would react very quickly. four sixteen seventy six a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and data for only $45 a month per phone. would we get the same coverage? same coverage on america's best networks. you saved $146.76 by switching to straight talk. awesome! now you can afford to share your allowance with me. get the season's hottest smartphones like the samsung galaxy s2 and get straight talk with unlimited data for just $45 a month -- from america's gift headquarters. walmart. ♪ at chevy's year-end event, we have 11 vehicles that offer an epa-estimated 30 mpg highway or better. yeah? hey. hey. where's your suit? oh, it's casual friday. oh. [ male announcer ] chevy's giving more. this holiday season, get a 2013 malibu ls for around $199 per month, or get $1,000 holiday bonus cash. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the bea
goes over the fiscal cliff? >> markets i think would react very quickly. four sixteen seventy six a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and data for only $45 a month per phone. would we get the same coverage? same coverage on america's best networks. you saved $146.76 by switching to straight talk. awesome! now you can afford to share your allowance with me. get the season's hottest smartphones like the...
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120
Oct 17, 2012
10/12
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KTVU
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eye 120
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> > the top economic concern really is that fiscal cliff. that's coming up very quickly, and our members are very concerned about its impact if it's not addressed. 75% of them believe that if the fiscal cliff were to occur, that the economy overall would suffer, and 50% believe that their own businesses would suffer under those circumstances. > > how much of a role do money managers think the upcoming election will play? > > it's interesting, our survey doesn't really think it's the outcome of the election that matters so much as it is that they get past the election and the administration, whoever's administration that is, and congress, get back to washington and tackle tough issues like the fiscal cliff, as well as the long-term federal budget deficit. > > so there's a lot of concerns then i take it about the political tone on capitol hill with congress at odds? > > certainly, and i think that's why they're anxious for the election to come, not because they care too much about the outcome, but rather a belief that that might end some of th
> > the top economic concern really is that fiscal cliff. that's coming up very quickly, and our members are very concerned about its impact if it's not addressed. 75% of them believe that if the fiscal cliff were to occur, that the economy overall would suffer, and 50% believe that their own businesses would suffer under those circumstances. > > how much of a role do money managers think the upcoming election will play? > > it's interesting, our survey doesn't really think...
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Sep 16, 2012
09/12
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FBC
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push the fiscal cliff off and then into real recession. >> brenda: the calm toby who never screams and shouts. thanks, guys and thank you to steve for joining us, we appreciate it. >> my pleasure. >> brenda: so, it's the stock teaching striking teachers and their students a valuable money lesson. you don't need to go to a classroom to learn about it. >> when do we want it? roar hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. [ slap! slap! slap! ] [ music, laughter stop ] [ male announcer ] when your favorite foods fight you, fight back fast with tums smoothies. so fast and smooth, you'll forget you had heartburn. ♪ tum tum tum tum tums [ male announcer ] tums smoothies. >> predictions and jonas, you're on the hot seat. >> and buying papers and stuff and busting unioners with the picketing signs and need markers and white board, et cetera, et cetera, staples up 20% in a year. >> brenda: gary b, bull o
push the fiscal cliff off and then into real recession. >> brenda: the calm toby who never screams and shouts. thanks, guys and thank you to steve for joining us, we appreciate it. >> my pleasure. >> brenda: so, it's the stock teaching striking teachers and their students a valuable money lesson. you don't need to go to a classroom to learn about it. >> when do we want it? roar hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it...
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Dec 5, 2012
12/12
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MSNBCW
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. >> dammit, i gets it's time i explain to these good people about the fiscal cliff. think of the economy as the car and the rich man as the driver. if you don't give the driver all the money, he'll drive you over a cliff. it's just commonsense. >> finally someone on the right willing to tell the truth. but here's the thing. this time it doesn't matter if mr. burns, speaker boehner, or the tea party try to hold the american people hostage just to get what they want. the president isn't going to budge. >> so i want to sq thank you both for coming on the show tonight. congresswoman, let me start with you. is the gop serious about holding the economy hostage again just to get what they want? >> well, think about the cards that they are holding. they are in favor of tax cuts for the rich. they want to cut tax care programs and medicare and make seniors pay and threaten the economy of the united states of america by defaulting on payments or at least to threaten that. this is not a very popular position among the public. in fact, they will be -- i think it's a suicide miss
. >> dammit, i gets it's time i explain to these good people about the fiscal cliff. think of the economy as the car and the rich man as the driver. if you don't give the driver all the money, he'll drive you over a cliff. it's just commonsense. >> finally someone on the right willing to tell the truth. but here's the thing. this time it doesn't matter if mr. burns, speaker boehner, or the tea party try to hold the american people hostage just to get what they want. the president...
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Nov 9, 2012
11/12
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WUSA
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and that fiscal cliff. facing a tough core decision when we return, we have a full report from capitol hill on that cliff. monika? >> on the northbound side of 395 the brake lights begin at duke street and continue to seminary road and the pace improves to 14th street bridge and all lanes are open. i'll be back with more traffic coming up at 6:30. you're watching 9news now. we'll be right back. >>> good morning, we're back at 6:29. this is always the place to get your weather first. here's a live look at two of our favorite monuments and me morals, the jefferson and the washington. and you can see the traffic moving across the 14th street bridge. and thank you for starting your friday with us. i'm andrea roane. >> i'm mike hydeck, and the round of applause continues for howard bernstein because wait until you hear what he has in store for the weekend. >> it's a little chilly out there but i'm warmed up from working out with sportacus a few minutes ago. temperatures down in the 30s and 40s now but 60s today
and that fiscal cliff. facing a tough core decision when we return, we have a full report from capitol hill on that cliff. monika? >> on the northbound side of 395 the brake lights begin at duke street and continue to seminary road and the pace improves to 14th street bridge and all lanes are open. i'll be back with more traffic coming up at 6:30. you're watching 9news now. we'll be right back. >>> good morning, we're back at 6:29. this is always the place to get your weather...
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gas prices aren't the only thing addressing our economy right now the fiscal cliff, train wreck of automatic tax hikes and spending, and that's why neil will be live from the nation's capital next week, hosting a special cost of freedom. freedom. 10 a.m. to noon eastern. the capital one cash rewards card gives you a 50% annual bonus. and everyone, but her... likes 50% more cash. but, i have an idea. do you want a princess dress? yes how about some cupcakes? yes lollipop? yes! do you want an etch a sketch? yes! do you want 50% more cash? no you got talent. [ male announcer ] the capital one cash rewards card. with a 50% annual cash bonus it's the card for people who like more cash. what's in your wallet? i usually say that. >> calling for help may cost you. one town in pennsylvania asking for a special tax for an emergency ambulance service. and some in california are suing for extra control for wildfires. gary b, you say it's getting out of control? >> absolutely, most of these cities are cash strapped. they're financially mismanaged and it's an opportunity for them to put one more hand in t
gas prices aren't the only thing addressing our economy right now the fiscal cliff, train wreck of automatic tax hikes and spending, and that's why neil will be live from the nation's capital next week, hosting a special cost of freedom. freedom. 10 a.m. to noon eastern. the capital one cash rewards card gives you a 50% annual bonus. and everyone, but her... likes 50% more cash. but, i have an idea. do you want a princess dress? yes how about some cupcakes? yes lollipop? yes! do you want an...
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Dec 24, 2012
12/12
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FBC
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there are people out there blaming the fiscal cliff. that seems ridiculous for, how could the fiscal cliff prevent you from going out to spend money on holiday shopping? i could see that elsewhere in the economy but seems silly for this particular comparison? >> think that is correct. people are, that is something in the future. that affected business spending but not consumers. consumer spending has been slower since the middle of the year. that was evident in the third quarter gdp report. it has been evident in the retail sales we tracked from month to month. simply wages haven't grown rapidly enough and the housing market although it has recovered, let's remember it recovered from a very low level and prices are still down quite a bit. there aren't that many sales. the volumes aren't that big. melissa: online shopping is up 16% this year versus last year at $38.7 billion s that eating into the regular old brick-and-mortar sales or do you think that is real growth? >> that is real growth in that segment but it is eating into brick-and
there are people out there blaming the fiscal cliff. that seems ridiculous for, how could the fiscal cliff prevent you from going out to spend money on holiday shopping? i could see that elsewhere in the economy but seems silly for this particular comparison? >> think that is correct. people are, that is something in the future. that affected business spending but not consumers. consumer spending has been slower since the middle of the year. that was evident in the third quarter gdp...
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Dec 30, 2012
12/12
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WRC
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, and it has been building for months now the talk of the fiscal cliff. how optimistic are you about the economy and the business climate out there? how patient do we need to be in the recovery? >> i think as we all know there are lots of corporations in the country that are flushed with cash, and they are hoarding it and not investing in folks and innovation, and they are concerned about where we stand from a regular hrau tolaw tore perspective. i would hope that the white house, the senate, the congress would be able to come together, republicans and democrats to layout a more strategic vision for the future. and we need to simplify the tax code and make it fairer. we need to make sure that government spending is brought under control, and not in a corrosive way or an abusive way, but in a way that makes sense we we can demonstrate so we are serious about controlling our deficit. we have a trillion dollars worth of deficit over year, and we need to sustain that. we know the wealthy will have to pay more and the poor will have to have fewer benefits and
, and it has been building for months now the talk of the fiscal cliff. how optimistic are you about the economy and the business climate out there? how patient do we need to be in the recovery? >> i think as we all know there are lots of corporations in the country that are flushed with cash, and they are hoarding it and not investing in folks and innovation, and they are concerned about where we stand from a regular hrau tolaw tore perspective. i would hope that the white house, the...
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Nov 27, 2012
11/12
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. >> if despite the dangers of going over the fiscal cliff and what that means for our economy, that there's too much stubbornness in congress, that we can't even agree on giving middle-class families a tax cut, then middle-class families are all going to end up having a big tax hike. that's going to be a pretty rude shock for them, and i suspect will have a big impact on the holiday shopping season, which in turn will have an impact on business planning and hiring, and we can go back into a recession. >> sean: republicans hate big beared and santa claus. don't buy this hype, such as letting the bush cuts expire, are not the answer to tackling this deficit. in fact, during the 2012 fiscal year the federal government cost $9.7 billion to run each and every day, but the additional revenue from letting the bush tax cuts expire only amounts to around $82 billion a year, meaning the government would be funded for a whopping 8.5 days if in fact the president wins this fight. sadly the real reason we've reached this point is because our elected representatives simply have no idea how to sto
. >> if despite the dangers of going over the fiscal cliff and what that means for our economy, that there's too much stubbornness in congress, that we can't even agree on giving middle-class families a tax cut, then middle-class families are all going to end up having a big tax hike. that's going to be a pretty rude shock for them, and i suspect will have a big impact on the holiday shopping season, which in turn will have an impact on business planning and hiring, and we can go back...
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Dec 29, 2012
12/12
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CNNW
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. >>> "outfront" next, worries about the fiscal cliff wreaking havoc on our economy. stocks down for the fifth straight day. what lawmakers must do to stop the bleeding. >>> we count down our top political rivalries. find out how many of your favorite politicians made this list. because it's the final 100 hours of the ford year end celebration. last chance to get the best deals of the year on america's freshest lineup. hurry in for the great mileage. hurry in the latest technology. the clock is ticking. so hurry to the final 100 hours of ford's year end celebration. before everything's gone. and one more thing...hurry. get a focus with 2000 cash plus 500 year end bonus cash with no charge sync and sound during the final hundred hours of the ford year end celebration. only at your local ford dealer. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you n
. >>> "outfront" next, worries about the fiscal cliff wreaking havoc on our economy. stocks down for the fifth straight day. what lawmakers must do to stop the bleeding. >>> we count down our top political rivalries. find out how many of your favorite politicians made this list. because it's the final 100 hours of the ford year end celebration. last chance to get the best deals of the year on america's freshest lineup. hurry in for the great mileage. hurry in the...
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Jul 16, 2012
07/12
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fiscal cliff. >> susie: so where do the markets go from here? we have two guests tonight with the outlook on stocks and bonds. we begin with john manley, chief equity strategist at wells fargo advantage funds. john, you have been saying that the markets go sideways between now and the end of the year. tell us why. >> well, i think it's just too soon for it to go up. nothing is really fixed and it's really too soon for it to go down. things have are very cheap. we know what our problems are. we know what the issues are and if we have any problems we can sort of push them down the road. we are truck in this trading bin and it's very frustrating. >> susie: when do you see us breaking out of this trading band and should investors wait around? >> there is a pot of gold at the end of the rainbow in my opinion, at least. i think it's going to take six to nine months. the markets have become controllers of the decisionmakers. the markets are intolerant of in i excesses built into the system and they're correcting them. they are moving sharply lower when
fiscal cliff. >> susie: so where do the markets go from here? we have two guests tonight with the outlook on stocks and bonds. we begin with john manley, chief equity strategist at wells fargo advantage funds. john, you have been saying that the markets go sideways between now and the end of the year. tell us why. >> well, i think it's just too soon for it to go up. nothing is really fixed and it's really too soon for it to go down. things have are very cheap. we know what our...
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. ♪ lou: house speaker boehner says the president is slow walking our economy to the fiscal cliff. former reagan white house counsel, financial criis inquiry commission member peter wallace will join me here in just moments. let's take a look at tonight's "moneyline." the dow and s&p managing gins. the nasdaq weighed down by another ba day for apple and its investors. the dow up 81 points. s&p up four, the nasdaq fell leaven. just over 3 billion shares traded on the big board today. the dow up 1%, s&p slightly higher making three straight weeks of wins. the nasdaq down 1% for its first losing week of the past three. apple investors are having a rough time with the dow down. the stock down 9 percent this week. but even with that selling, the stock remains up 30% year-to-date. wall street analysts say much of the selling can be explained by investors looking to avoid possibly having to pay gains on the sale of that stock at a higher rate next year. others simply taking profits. financial stocks strog. today j.p. morgan chase led the weight. news that it is expanding the numbers of it
. ♪ lou: house speaker boehner says the president is slow walking our economy to the fiscal cliff. former reagan white house counsel, financial criis inquiry commission member peter wallace will join me here in just moments. let's take a look at tonight's "moneyline." the dow and s&p managing gins. the nasdaq weighed down by another ba day for apple and its investors. the dow up 81 points. s&p up four, the nasdaq fell leaven. just over 3 billion shares traded on the big...
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Nov 12, 2012
11/12
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WRC
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with worries about the fiscal cliff and the european economy, those outweighed the economic report we heard from china. trade volume is expected to be light with the holiday and though the stock market is open, the bond market and banks are closed. we saw some activity today. group shares flying higher after it was bought by national, saying it was going to buy the bank for about $3.7 billion. and research in motion stock is doing better today after announcing plans to introduce its blackberry 10 on january 30th. it is betting its future on a new line of smart phones after losing major ground to samsung electronics galaxy line. research in motion shares are tanked by about 90% since 2008. and "skyfall" had the best james bond opening ever. raking in amounts of $88 million in his first three days. overseas bringing its worldwide total to about $520 million. back over to you, keith. >> thanks, julia, thanks for checking in. >> we have more now to put on the perfect fall wedding. we're joined by our guest. welcome back. >> thank you for having us. >> we are talking about fall weddings. i
with worries about the fiscal cliff and the european economy, those outweighed the economic report we heard from china. trade volume is expected to be light with the holiday and though the stock market is open, the bond market and banks are closed. we saw some activity today. group shares flying higher after it was bought by national, saying it was going to buy the bank for about $3.7 billion. and research in motion stock is doing better today after announcing plans to introduce its blackberry...
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Dec 30, 2012
12/12
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there are some strategist who is have said that the fiscal cliff won't hit the economy right away. tell actually give lawmakers more time to continue negotiating. but how long can our economy take the uncertainty? >> it is not just uncertainty. we have had that factored in. the reality is that unless the president suspends the increase in payroll taxes that are going to take place, not just social security, but withholding for income tax, while they continue to negotiate, we have gone off the cliff. in the month of january, people will live off their credit cards, but they can only do that so long. come february and march, the higher taxes will require adjustments in the spending habits of folk who is make between $25,000 and $100,000 a year. i would point out that this is no reason to give the president everything he wants and pass that bill that he proposes because if the republicans do that, they lose all their leverage. i have news for most people. if we dont curb our spending, everybody's going to have to pay the higher taxes in the end because things are flying out of ceil. >
there are some strategist who is have said that the fiscal cliff won't hit the economy right away. tell actually give lawmakers more time to continue negotiating. but how long can our economy take the uncertainty? >> it is not just uncertainty. we have had that factored in. the reality is that unless the president suspends the increase in payroll taxes that are going to take place, not just social security, but withholding for income tax, while they continue to negotiate, we have gone off...
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Oct 26, 2012
10/12
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CNBC
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and resolving the problem of the fiscal cliff. this is the number the fed thought it would see whether it decided to do qe3. >> that's one element of what we're talking about today but there is also this disconnect out there. consumers seem to be spending significantly in some sectors of the economy, yet at the same time, you have companies warning on their earnings and there is a disconnect in there. what does your gut tell you about which section of the economy is right, the consumer or the companies? >> there's no track record on business leading the consumer, consumer leading business. i think business does not believe in the consumer demand. business is more concerned than the consumer is with the fiscal cliff and some of the serious debt issues out there. uncertainty i think over taxes and regulation. the consumer sees the better housing numbers. if that can remain in place and business can start to believe that the consumer is indeed optimistic enough to spend, then maybe business will start to span higher and invest. that
and resolving the problem of the fiscal cliff. this is the number the fed thought it would see whether it decided to do qe3. >> that's one element of what we're talking about today but there is also this disconnect out there. consumers seem to be spending significantly in some sectors of the economy, yet at the same time, you have companies warning on their earnings and there is a disconnect in there. what does your gut tell you about which section of the economy is right, the consumer or...
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Dec 27, 2012
12/12
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. >> the overall economy is doing quite well except we have the fiscal cliff issue. if you look at the employment situation that has stabilized and showing an improvement, you look at what is going on in the united states as far as manufacturing is concerned, housing prices have done well, housing sales of the unwelcome consumers, they still want to spend the being put off by this issue. lori: what sectors of i jump into? >> it will be extremely difficult but what you want to do is concentrate on things like financials, they will see a major rebound once we get some compromise. you will look at energy because we will look at consumer discretion and have exposure to the technology sector. lori: what is the mistake investors are making in the midst of this? >> getting wrapped up with this noise. a deal will come down but if you wait for the bottom to come, a market breaking apart, all hell breaking loose you will miss out because you'll be sitting on the sidelines. do some buying as the market pulls back and don't worry about catching a falling knife. tracy: don't figh
. >> the overall economy is doing quite well except we have the fiscal cliff issue. if you look at the employment situation that has stabilized and showing an improvement, you look at what is going on in the united states as far as manufacturing is concerned, housing prices have done well, housing sales of the unwelcome consumers, they still want to spend the being put off by this issue. lori: what sectors of i jump into? >> it will be extremely difficult but what you want to do is...
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Dec 30, 2012
12/12
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you think the fiscal cliff thing is bad for the economy. you wait and see if they can't get the debt ceiling worked out. >> right. it's one thing to go over the fiscal cliff. that would be bad. we don't want to it happen. a recession may happen. it would be unfortunate. it's different than the u.s. defaulting on the debt. you know, we saw that back in august, 2011, we saw the downgrade of the credit rating. just by having the threat of not approving the debt ceiling increase and the possibility of default. it comes around again at the end of february, beginning of march. it's a time when there's a deal. if the deal does not include the debt ceiling, more damaging effects on the confidence. >> here we go again. neil irwin, it's good. economic editor. three ways they can mess this thing up next year. thank you so much. we'll talk to you again soon. we are 20 minutes to the top of the hour now. there have been major setbacks in the deal talks. we are just getting this news, a major setback in negotiations over a fiscal cliff deal. senator reid
you think the fiscal cliff thing is bad for the economy. you wait and see if they can't get the debt ceiling worked out. >> right. it's one thing to go over the fiscal cliff. that would be bad. we don't want to it happen. a recession may happen. it would be unfortunate. it's different than the u.s. defaulting on the debt. you know, we saw that back in august, 2011, we saw the downgrade of the credit rating. just by having the threat of not approving the debt ceiling increase and the...
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Dec 28, 2012
12/12
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FBC
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avoid the fiscal cliff, or at least pieces of it, and, yes, the buzz around washington is a possible path forward that aids describe as preventing tax increase for income amounts of $400,000 or $500,000 or so, extend unemployment insurance, but, still, nothing has been agreed to. all in washington are waiting to see how this meeting goes. it's just about to start here in dc. meanwhile, on capital hill, the fighting continues, and in some corners, a sense of pessimism. >> if we don't have a deal within the next 24 hours, the question is where do you buy a parachute? we'll be going over the cliff because the closer we get to the end, the less likely it is you can compress an agreement into place that will have enough votes to pass. >> this is basically it. the first time in weeks the top democrat, the top republican from the house and senate have gotten together here at the white house with the president and vice president, congressional leaders arriving, and the meeting should be starting shortly. back to you. ashley: we'll see what comes from it. markets taking a hit, but off the low
avoid the fiscal cliff, or at least pieces of it, and, yes, the buzz around washington is a possible path forward that aids describe as preventing tax increase for income amounts of $400,000 or $500,000 or so, extend unemployment insurance, but, still, nothing has been agreed to. all in washington are waiting to see how this meeting goes. it's just about to start here in dc. meanwhile, on capital hill, the fighting continues, and in some corners, a sense of pessimism. >> if we don't have...
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cliff, the economy will return to recession, and unemployment will go over 9%. aaron? >> jackie deangelis, thank you. >>> the fiscal cliff could have a devastating effect on northern virginia. a recent study found virginia could lose thousands of jobs because it had so many defense contractors and military agencies. governor bob mcdonnell is preparing for the worst. he's urging agency heads to look for potential cuts of 4% to their budgets for the 2014 fiscal year. >>> hailing a cab could get a little more pricey for the inauguration. the d.c. cab association is looking into implementing a surcharge for the weekend. the charge will reportedly target extra passengers in each car in order to encourage cabbies to work during the busiest times of the weekend. a surcharge was added for nationals playoff games, but it was rescinded. it will all be discussed at the taxicab commission's next meeting. >>> this morning we're seeing how emotional president obama got during and after his re-election bid. >> what you guys have done and the work that i'm doing is important. i
cliff, the economy will return to recession, and unemployment will go over 9%. aaron? >> jackie deangelis, thank you. >>> the fiscal cliff could have a devastating effect on northern virginia. a recent study found virginia could lose thousands of jobs because it had so many defense contractors and military agencies. governor bob mcdonnell is preparing for the worst. he's urging agency heads to look for potential cuts of 4% to their budgets for the 2014 fiscal year. >>>...
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Dec 24, 2012
12/12
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economy goes over the fiscal cliff, lawmakers are pointing fingers and playing the blame game. >> mario monti is saying he's available to lead italy. he'll run for office in the upcoming election, but only for a party willing to push his agenda. >>> but he has competition in the form of sylvia berlusconi. he tells cnbc he feels a responsibility to run. >> feel the need to return to the political arena to prevent the country from being delivered into the hands of a leftist party. >> and the crowds are out, the stores are ringing up those sales, but u.s. shoppers may be running low on holiday spirit. and analysts say that they're spending less, as well. hi, everybody. welcome. merry christmas out there. thank you for joining us here on the show. what we're looking at today, we've got slightly quiet markets ahead of the u.s. open. what we're seeing, though, that all the markets are being called lower across the board stateside. the dow is being called a bit lower, nasdaq is being called a bit lower and the s&p 500 being called down by a bybit, as well. we saw markets coming off on friday s
economy goes over the fiscal cliff, lawmakers are pointing fingers and playing the blame game. >> mario monti is saying he's available to lead italy. he'll run for office in the upcoming election, but only for a party willing to push his agenda. >>> but he has competition in the form of sylvia berlusconi. he tells cnbc he feels a responsibility to run. >> feel the need to return to the political arena to prevent the country from being delivered into the hands of a leftist...